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Jimmy Fallon set to take over for Leno

'Late Night' host Jimmy Fallarrives Kennedy Center. (AP)

"Late Night" host Jimmy Fallon arrives at the Kennedy Center. (AP)

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Updated: March 20, 2013 6:55PM

It's been long rumored -- and widely expected -- that late night talk show host Jimmy Fallon would ultimately be Jay Leno's successor on the Tonight Show. However, Bill Carter of the New York Times reported Wednesday that not only is there an unwritten agreement for that succession, but that the Tonight Show will also return to its original New York City roots, once Fallon slips into Leno's chair.
There is no time frame for this turnover and Leno's current contract runs into the fall of 2014.
The rationale for the New York move reportedly is due to several factors -- including Fallon's own roots and preferences (the former "Saturday Night Live" mainstay is an Albany, NY native) and the executive producer of Fallon's "Late Night" show is "SNL" creator and head honcho Lorne Michaels.

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